Houlihan Lokey’s appointment shows Five V is hopeful of snagging a North America buyer.
to win over the Department of Defence and the Australian government to get its hands on a stake in Penten. Now, the firm’s hoping for a circa $400 million payday, as it seeks to launch this year’s biggest deal in the red-hot cybersecurity sector.Street Talk can reveal Five V has called in boutique corporate finance firm, Houlihan Lokey, to oversee a sale process for Penten, a provider of cyber and AI technologies for highly classified environments.
Houlihan Lokey’s appointment shows Five V is hopeful of snagging a North America buyer, several of whom – from Accel-KKR to Thoma Bravo – have stepped up their tech dealmaking efforts on the Australian shores in the past year.
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